REG - Vianet Group PLC - Interim Results
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RNS Number : 7748J Vianet Group PLC 02 December 2025
02 December 2025
Vianet Group plc
("Vianet", the "Company" or the "Group")
Interim Results for the Six Months Ended 30 September 2025
Vianet Group plc (AIM: VNET), an international provider of actionable data,
business insights, and payment solutions through an integrated ecosystem of
connected hardware devices, software platforms and smart insights portals,
announces its unaudited results for the six months ended 30 September 2025
("H1 2026"). The Company is pleased to announce that it is on track to deliver
continued sustained growth, with confidence demonstrated by the interim
dividend increase of 33%.
Financial Highlights
· Revenue resilience: £7.67m (H1 2025: £7.69m)
· High recurring revenue: £6.44m, representing 84% of total
revenue, maintained from last year
· Gross margin improved: 68% (H1 2025: 67%), reflecting ongoing
operational efficiency
· Adjusted EBITDA: £1.86m, up 20.6% (H1 2025: £1.55m)
· Adjusted operating profit: up 10.4% to £1.58m (H1 2025:
£1.43m), before exceptional items and share-based payments, reinforcing
robust underlying performance.
· PBT: £0.392m (H1 2025: £0.018m)
· Strong operational cash generation: £1.70m post working capital
· Net debt reduced: £0.5m (H1 2025: £1.0m) with cash increased to
£2.60m (H1 2025: £2.25m) after £0.25m of share buybacks and an increased
dividend payment of £0.29m (H1 2025: £0.22m)
· Refinanced HSBC facilities secured until April 2028 offer
improved terms and support further investment
· Interim dividend increased: Up 33% to 0.4p per share (H1 2025:
0.3p)
James Dickson, Chairman & CEO, commented:
"I am pleased with the strong progress that we have made in the first half of
FY26. This comes despite a challenging UK and global macro backdrop and more
cautious investment behaviour ahead of the UK budget. Our growing pipeline,
resilient recurring revenues and robust cash generation continue to
demonstrate the effectiveness of our model.
Both divisions have delivered solid year-on-year progress, and the business
has remained focused on disciplined execution while managing the operational
friction created by the 2G transition and elongated customer planning cycles.
These factors have not altered the underlying business momentum, and our
outlook remains positive and unchanged.
With our strategic investments in AI, analytics, energy-efficiency solutions
and expansion in the USA and forecourts now translating into clear commercial
momentum, the Group is increasingly well positioned for sustained long-term
growth."
Sarah Bentham, CFO, commented:
"We have delivered a solid first-half performance supported by disciplined
cost control and an improving margin profile while continuing to invest in our
technology roadmap. The 1% improvement in gross margin and stronger cash
generation reflect the financial benefits of our business model and the
operational efficiencies implemented over the past year.
The early transition away from 2G has introduced some short-term operational
friction; however, it has not altered the Group's financial trajectory, and
our balance sheet remains strong. With increasing visibility from long-term,
recurring, subscription revenues and a healthy pipeline supporting second-half
activity, we remain confident in the financial outlook for H2 and beyond."
Chairman & CEO's Review
The Group has delivered a strong H1 performance with increased adjusted
profit, improved cash generation, and continued strengthening of our
underlying recurring revenue base. There have been headwinds created by a
challenging macroeconomic backdrop and cautious investment behaviour ahead of
the UK Autumn Budget; however, we are increasingly confident that the
business is well positioned to benefit from here.
Recurring revenues accounted for 84% of turnover, highlighting the predictable
and resilient nature of our long-term subscription model. Operational
efficiencies delivered a 1% improvement in gross margin, while adjusted
operating profit increased 10.4% year-on-year.
Across both divisions, customer engagement remains strong, and the volume and
quality of commercial opportunities continue to improve. The Group is trading
in line with Board expectations and has a robust pipeline which is expected to
underpin further progress into H2.
Operational Review
Smart Machines (Unattended Retail)
The division delivered a resilient performance in the first half, despite
temporary timing impacts from customer estate rationalisation and planning for
national connectivity transitions.
H1 performance:
· Turnover: £2.97m down £0.27m reflecting lost revenue from the
strategic withdrawal from the ERP provision to prioritise our device footprint
extension to drive future recurring income
· Operating Profit: Adjusted operating profit was down £0.07m to
£0.91m (H1 2025: £0.98m), as a direct result of our withdrawal from ERP
provision.
· Customer Activity: 52 new contracts and five renewals were signed
on three to five-year agreements, including new LRS clients such as Bannatyne,
and Goals, adding to our healthy pipeline
· Devices Footprint: total deployed devices increased by c1,000 to
36,957, with higher recurring value cashless devices now standing at over
26,000, accounting for 71% of our device footprint (H1 2025: 67%)
· Cashless Expansion: 2,700 new cashless devices were deployed, of
which 125 replaced existing 3G units. The net addition of 2,575 new devices
will benefit H2 recurring revenue and operating profit
· Telemetry Optimisation: The telemetry only estate dropped by 960
to 10,863 devices as large free vend coffee operations were rationalised
Impact of 2G Network Restrictions
In recent months following on from the closure of 3G networks, the UK's phased
withdrawal of 2G services-beginning with O2 restricting inbound roaming SIM
access from October 2025-continues to affect operators running legacy IoT
estates. Many unattended retail estates still contain ageing 2G-dependent
devices, creating a clear operational and commercial risk for operators as
network retirement progresses.
Whilst this has contributed to short-term delays and estate optimisation
decisions during H1 this structural move from 2G/3G to 4G LTE represents a
significant growth catalyst for Vianet, supported by:
· A proven and scalable 4G LTE upgrade pathway, already deployed at
pace
· SmartVend device management platform, critical during technology
transitions
· Strategic partnerships with Scobie Macintosh and Attenda
· Strong competitive wins, including conversion of competitor
estates driven by commercial pilots delivering +18% revenue uplift and 15%
lower transaction fees
· CPI's market exit, creating further market share gain opportunity
The Board expects network migration to remain a structural growth driver for
the division through to 2027.
Smart Zones (Hospitality)
The Hospitality division delivered growth in revenue, operating profit and
site installations, supported by renewed momentum across both the leased &
tenanted and managed pub segments.
In Hospitality, the transition from 2G to 4G requires engineer visits across a
significant number of pubs to upgrade devices. While this increased workload
may impact the timing of some customer activity, the migration will materially
improve estate reliability and connectivity resilience and is expected to
support future growth through long-term contract extensions.
H1 highlights:
· Turnover: up 5.6% to £4.7m, reflecting strong activity across
the estate
· Operating Profit: Adjusted UK operating profit rose 4% year on
year to £2.29m
· Contract Activity: 6 new long-term contracts and 3 major
renewals, including Star Pubs & Bars and Greene King
· New installations: up 58% YoY to 229 supported by the rollout of
the new Beverage Metrics platform across Inglenook, Marstons, Red Oak, and
Trust Inns, more than offsetting 210 pub disposals, taking UK estate up to
9,522 sites, with a further 40 sites for BBG
· Enersave: now installed in over 40 sites across three companies,
with growing interest as operators continue to manage sustained energy cost
pressures
· USA: momentum building, with losses reduced to £0.14m (H1 2025:
£0.25m) as our new Beverage Metrics platform and recently signed partnership
with Fintech accelerates commercial engagement
The BMI acquisition continues to materially strengthen Vianet's end-to-end
beverage technology and management capability, creating significant
opportunities with national hospitality chains in both the UK and the United
States.
Dividend
Reflecting confidence in the Group's strong cash generation and continued
earnings visibility, the Board announces an interim dividend of 0.4p, a 33%
increase on the prior year.
Outlook
The Group entered the second half of FY 2026 with a strengthened financial
position, robust recurring revenue base, and good commercial momentum. The
Company is trading in line with achieving full-year expectations, despite
cautious customer investment behaviour.
The Board is confident in delivering year-on-year growth and maintaining
long-term strategic momentum, anticipating further progress in H2 supported by
contract delivery, new installations, and strengthened liquidity providing the
flexibility to invest in growth priorities. In particular:
· Sustained Demand: The retirement of UK 2G and 3G networks is
expected to drive demand for upgrades and new multi-year contracts in
unattended retail, payments, and remote asset management, leveraging Vianet's
market-leading 4G LTE product suite
· Operational Growth: Expectations include continued H2 pipeline
growth and conversion, positive progression of UK/USA hospitality
opportunities, and further expansion of our telemetry and payment solutions in
new verticals
· Financial Confidence: Improved banking facilities support future
investment, underpinning the Board's confidence in long-term momentum
Investor Presentation
James Dickson, Chairman & CEO, and Sarah Bentham, CFO, will present the
interim results via the Investor Meet Company platform today at 10:30am GMT.
Investors can register at:
https://www.investormeetcompany.com/vianet-group-plc/register-investor
(https://www.investormeetcompany.com/vianet-group-plc/register-investor)
Enquiries
Vianet Group plc
James Dickson, Chairman & CEO
Sarah Bentham, CFO
Tel: +44 (0) 1642 358 800
www.vianetplc.com (http://www.vianetplc.com)
Cavendish Capital Markets Limited
Stephen Keys / Isaac Hooper
Tel: +44 (0) 20 7220 0500
Investor enquiries:
Dale Bellis
Tel: +44 (0) 20 7397 1928
www.cavendish.com (http://www.cavendish.com)
About Vianet
Vianet is a leading provider of actionable management information and business
insight derived from connected IoT devices, cloud-based software platforms,
and advanced data analytics. With over 250,000 connected devices transmitting
data daily, the Group delivers mission-critical insight to customers across
hospitality, unattended retail, vending, coffee and fuel forecourts.
Vianet's end-to-end solutions include telemetry, connectivity, contactless
payment solutions, inventory management, energy-saving services, and advanced
business intelligence platforms, enabling customers to optimise profitability,
improve operational efficiency and enhance cashflow performance.
For further information, please visit www.vianetplc.com
(http://www.vianetplc.com/)
Consolidated Statement of Comprehensive Income
For the six months ended 30 September 2025
Total Unaudited Total Unaudited Audited
6 months 6 months Year
Before Exceptional Before Exceptional
6 months 6 months
Ended Ended Ended Ended Ended
30 Sept 30 Sept 30 Sept 30 Sept 31 March
2025 2025 2024 2024 2025
Note £'000 £'000 £'000 £'000 £'000
Continuing operations
Gross Revenue 3 7,665 7,665 7,687 7,687 15,266
Rebates (158) (158) (175) (175) (242)
Net Revenue 7,507 7,507 7,512 7,512 15,024
Cost of sales (2,296) (2,296) (2,393) (2,393) (4,603)
Gross profit 5,211 5,211 5,119 5,119 10,421
Administration and other operating expenses 4
(3,635) (3,741) (3,691) (3,804) (7,019)
Operating profit pre amortisation and share based payments 3
1,576 1,470 1,428 1,315 3,402
Intangible asset amortisation
(1,081) (1,081) (1,107) (1,107) (2,292)
Share based payments
(40) (40) (40) (40) (79)
Operating profit post amortisation and share based payments
455 349 281 168 1,031
Net finance costs
(93) (93) (150) (150) (349)
Other Income 136 136 - - 247
Profit from continuing operations before tax
498 392 131 18 929
Income tax 5 (163) (163) - - (72)
Profit and other comprehensive income for the year 3
335 229 131 18 857
Earnings per share
Continuing Operations
- Basic 6 0.79p 0.06p 2.92p
- Diluted 6 0.79p 0.06p 2.86p
Consolidated Balance Sheet
At 30 September 2025
Unaudited As Restated Audited
As at Unaudited As at
30 Sept As at 31 March 2025
2025 30 Sept
2024
£'000 £'000 £'000
Assets
Non-current assets
Intangible assets 22,826 23,358 23,109
Property, plant and equipment 3,400 3,308 3,379
Total non-current assets 26,226 26,666 26,488
Current assets
Inventories 1,327 1,886 1,503
Trade and other receivables 3,610 3,409 3,242
Cash and cash equivalents 2,569 2,248 2,777
7,506 7,543 7,522
Total assets 33,732 34,209 34,010
Equity and liabilities
Liabilities
Current liabilities
Trade and other payables 2,595 2,644 2,329
Borrowings 192 179 185
Leases 93 125 110
2,880 2,948 2,624
Non-current liabilities
Deferred tax liability 928 1,076 901
Borrowings 2,870 3,072 2,974
Leases - 94 47
Contingent Consideration 191 230 322
3,989 4,472 4,244
Equity attributable to owners of the parent
Share capital 2,872 2,943 2,900
Share premium account 11,770 11,770 11,770
Capital redemption 98 32 75
Share based payment reserve 695 623 655
Merger reserve 818 818 818
Retained profit 10,610 10,603 10,924
Total equity 26,863 26,789 27,142
Total equity and liabilities 33,732 34,209 34,010
Summarised Consolidated Cash Flow Statement
For the six months ended 30 September 2025
Unaudited Unaudited Audited
6 months 6 months Year
Ended Ended Ended
30 Sept 30 Sept 31 March
2025 2024 2025
£'000 £'000 £'000
Cash flows from operating activities
Profit for the period 229 18 857
Adjustments for
Net Interest payable 93 150 349
R&D tax credit (136) - (247)
Income tax charge 163 - 72
Amortisation of intangible assets 1,081 1,107 2,292
Depreciation 297 270 541
Disposal of property, plant and equipment 14 23 32
Share-based payments expense 40 40 79
Operating profit before changes in
working capital and provisions 1,781 1,608 3,975
Change in inventories 176 299 683
Change in receivables (368) 464 631
Change in payables 135 (455) (678)
(57) 308 636
Net cash from operating activities 1,724 1,916 4,611
Income tax refund - - -
Net cash from operating activities 1,724 1,916 4,611
Purchases of property, plant and equipment (332) (274) (625)
Purchase of intangible assets (798) (724) (1,657)
Purchases of other intangible assets - - (4)
Net cash used in investing activities (1,130) (998) (2,286)
Cash flows used in financing activities
Net Interest payable (93) (150) (349)
Issue of share capital - 25 25
Repayment of leases (64) (62) (123)
Repayments of borrowings (97) (85) (178)
Dividends paid (290) (220) (309)
Shares repurchased and cancelled (258) - (436)
Net cash used in financing activities (802) (492) (1,370)
Net (decrease)/increase in cash and cash equivalents (208) 426 955
Cash and cash equivalents at beginning of period 2,777 1,822 1,822
Cash and cash equivalents at end of period 2,569 2,248 2,777
Reconciliation to the cash balance in the Consolidated Balance Sheet
Cash balance as per consolidated balance sheet 2,569 2,248 2,777
Bank overdrafts - - -
Balance per statement of cash flows 2,569 2,248 2,777
Statement of changes in equity
Six months ended 30 September 2025
Share Share Share based payment reserve Merger Retained profit Total
capital premium reserve Capital
account Redemption
£000 £000 £000 £000 £000 £000 £000
At 1 April 2025 2,900 11,770 655 818 75 10,924 27,142
Share based payments - - 40 - - - 40
Dividends paid - - - - - (290) (290)
Share options purchased - - - - (5) - (5)
Issue of share capital - - - - - - -
Shares cancelled (28) - - - 28 (253) (253)
Transactions with owners (28) - 40 - 23 (542) (507)
Profit and total comprehensive income for the period - - - -
- 229 229
Total comprehensive income less owners transactions (28) - 40 - (313) (278)
23
At 30 September 2025 2,872 11,770 695 818 98 10,610 26,863
Six months ended 30 September 2024
Share Share Share based payment reserve Merger Retained profit Total
capital premium reserve Capital
account Redemption
£000 £000 £000 £000 £000 £000 £000
At 1 April 2024 (as previously stated) 2,940 11,748 583 818 11,071 27,192
32
Prior year adjustment - - - - - (266) (266)
At 1 April 2024 (as restated) 2,940 11,748 583 818 32 10,805 26,926
Share based payments - - 40 - - - 40
Dividends paid - - - - - (220) (220)
Issue of share capital 3 22 - - - - 25
Transactions with owners 3 22 40 - - (220) (155)
Profit and total comprehensive income for the period - - - -
- 18 18
Total comprehensive income less owners transactions 3 22 40 - (202) (137)
-
At 30 September 2024 2,943 11,770 623 818 32 10,603 26,789
12 months ended 31 March 2025
Share Share Share based payment reserve Merger Retained profit Total
capital premium reserve Capital
account Redemption
£000 £000 £000 £000 £000 £000 £000
At 1 April 2024 (as restated) 2,940 11,748 583 818 32 10,850 26,926
Dividends paid - - - - - (309) (309)
Issue of share capital 3 22 - - - - 25
Cancellation of shares (43) - - 43 (436) (436)
Share option forfeitures - - (7) - - 7 -
Share based payments - - 79 - - - 79
Transactions with owners (40) 22 72 - 43 (738) (641)
Profit and total comprehensive income for the year - - - - - 857 857
Total comprehensive income less owners transactions (40) 22 72 - 119 216
43
At 31 March 2025 2,900 11,770 655 818 75 10,924 27,142
Notes to the interim report
1. Statutory information
The interim financial statements are neither audited nor reviewed and do not
constitute statutory accounts within the meaning of Section 434 of the
Companies Act 2006.
The financial information for the year ended 31 March 2025 has been derived
from the published statutory accounts. A copy of the full accounts for that
period, on which the auditor issued an unmodified report that did not contain
statements under 498(2) or (3) of the Companies Act 2006, has been delivered
to the Registrar of Companies.
These interim financial statements will be posted to all shareholders and are
available from the registered office at One Surtees Way, Surtees Business
Park, Stockton on Tees, TS18 3HR or from our website at
www.vianetplc.com/investors.
2. Accounting policies
The interim financial statements have been prepared in accordance with the AIM
Rules for Companies and on a basis consistent with the accounting policies and
methods of computation as published by the Group in its Annual Report for the
year ended 31 March 2025, which is available on the Group's website.
The Group has chosen not to adopt IAS 34 'Interim Financial Statements' in
preparing these interim financial statements and therefore the Interim
financial information is not in full compliance with International Financial
Reporting Standards.
Having considered current trading performance and more flexible bank
facilities following the facility renewals of June 2025, the Directors have a
reasonable expectation that the Company and the Group have adequate resources
to continue in operational existence for the foreseeable future. Financial
forecasts and projections, taking account of reasonable possible changes and
sensitivities in future trading performance and the market value of the
Group's assets, have been prepared and show that the Group is expected to be
able to operate within the level of cash and existing banking facilities.
The Directors are confident that the Company will be able to meet its
liabilities as they fall due over the next 12 months and beyond. As a result,
this financial information has been prepared on a going concern basis.
3. Segmental information
An operating segment is a component of an entity that engages in business
activities from which it may earn revenues and incur expenses. The segment
operating results are regularly reviewed by the Chief Operating Decision Maker
to make decisions about resources to be allocated to the segment and assess
its performance. Vianet Group is analysed into to two trading segments
(defined below) being Smart Zones (mainly adopted in the leisure sector,
including USA (particularly in pubs and bars)) and Smart Machines (mainly
adopted in the vending sector (particularly in unattended retail vending
machines)) supported by Corporate/Technology & Stores costs.
The products/services offered by each operating segment are:
· Smart Zones (Hospitality): Data insight & actionable data
services, design, product development, sale and rental of fluid monitoring
equipment.
· Smart Machines (Unattended Retail): Data insight & actionable
data services, design product development, sale and rental of machine
monitoring and contactless payment equipment and services.
· Corporate/Technology: Centralised Group overheads along with
technology and stores related costs for the Group
The inter-segment sales are immaterial. Segment results, assets and
liabilities include items directly attributable to a segment as well as those
that can be allocated on a reasonable basis. Unallocated assets and
liabilities comprise items such as cash and cash equivalents, certain
intangible assets, taxation, and borrowings. Segment capital expenditure is
the total cost incurred during the year to acquire segment assets that are
expected to be used for more than one period.
Notes to the interim report (continued)
The segmental results for the six months ended 30 September 2025 are as
follows:
Continuing Operations Smart Zones Smart Machines Corporate/Technology
Total
£'000 £'000 £'000 £'000
Total revenue 4,698 2,967 - 7,665
Profit/(loss) before amortisation, share based payments and exceptional costs
2,147 910 (1,481) 1,576
Pre-exceptional segment result 1,753 678 (1,976) 455
Exceptional costs (1) (1) (104) (106)
Post exceptional segment result 1,752 677 (2,080) 349
Finance costs (93) - - (93)
Other income - - 136 136
Profit/(loss) before taxation 1,659 677 (1,944) 392
Taxation (163)
Profit for the year from continuing operations 229
Smart Zones Smart Machines Corporate/Technology
Total
£'000 £'000 £'000 £'000
Segment assets 29,245 4,083 404 33,732
Unallocated assets - - - -
Total assets 29,245 4,083 404 33,732
Segment liabilities 5,846 - 95 5,941
Unallocated assets - - 928 928
Total liabilities 5,846 - 1,023 6,869
Notes to the interim report (continued)
The segmental results for the six months ended 30 September 2024 are as
follows:
Continuing Operations Smart Zones Smart Machines Corporate/Technology
Total
£'000 £'000 £'000 £'000
Total revenue 4,447 3,240 - 7,687
Profit/(loss) before amortisation, share based payments and exceptional costs
1,949 976 (1,497) 1,428
Pre-exceptional segment result 1,538 764 (2,021) 281
Exceptional costs (5) (7) (101) (113)
Post exceptional segment result 1,533 757 (2,122) 168
Finance costs (150) - - (150)
Profit/(loss) before taxation 1,383 757 (2,122) 18
Taxation -
Profit for the year from continuing operations 18
Smart Zones Smart Machines Corporate/Technology
Total
£'000 £'000 £'000 £'000
Segment assets 29,366 4,083 760 34,209
Unallocated assets - - - -
Total assets 29,366 4,083 760 34,209
Segment liabilities 6,219 - 125 6,344
Unallocated assets - - 1,076 1,076
Total liabilities 6,219 - 1,201 7,420
Notes to the interim report (continued)
The segmental results for the 12 months ended 31 March 2025 are as follows:
Continuing Operations Smart Zones Smart Machines Corporate/ Technology
Total
£'000 £'000 £'000 £'000
Total revenue 9,020 6,246 - 15,266
Profit/(loss) before amortisation, share based payments and exceptional costs
3,767 2,134 (2,307) 3,594
Pre-exceptional segment result 3,342 1,677 (3,796) 1,223
Exceptional costs (7) (8) (177) (192)
Post exceptional segment result 3,335 1,669 (3,973) 1,031
Finance costs (349) - - (349)
Other income - - 247 247
Profit/(loss) before taxation 2,986 1,669 (3,726) 929
Taxation (72)
Profit for the year from continuing operations 857
Smart Zones Smart Machines Corporate/ Technology
Total
£'000 £'000 £'000 £'000
Segment assets 28,519 4,083 1,408 34,010
Unallocated assets - - - -
Total assets 28,519 4,083 1,408 34,010
Segment liabilities 5,746 - 221 5,967
Unallocated assets - - 901 901
Total liabilities 5,746 - 1,122 6,868
Notes to the interim report (continued)
4. Exceptional items
6 months 6 months Year
Ended Ended Ended
30 Sept 30 Sept 31 March
2025 2024 2025
£'000 £'000 £'000
Corporate activity and Acquisition costs 81 59 118
Corporate restructuring and transitional costs 24 49 64
Bank facility restructure - - -
3G Project 1 11 15
Recovered Corporate costs - (6) (5)
106 113 192
Corporate activity and acquisition costs relate to corporate review costs.
Corporate restructuring and transitional costs relate to the transition of
people and management to ensure we have the succession and calibre of people
on board to deliver the strategic aims and aspirations of the Group.
5. Tax
The charge for tax is as follows:
6 months 6 months Year
Ended Ended Ended
30 Sept 30 Sept 31 March
2024 2024 2025
£'000 £'000 £'000
United Kingdom corporation tax 163 - 72
A tax charge provision has been made reflecting the full expected utilisation
of the brought forward trading losses in Vianet Group plc and the likely
movement in the deferred tax position.
The tax charge for March 2025 reflects the utilisation of brought forward
trading losses, which had previously been recognised as a deferred tax asset,
against the taxable profit for the period within Vianet Limited.
6. Earnings per share
Basic earnings per share is calculated by dividing the earnings attributable
to ordinary shareholders (profit of £229k) by the weighted average number of
ordinary shares outstanding during the period.
Diluted earnings per share are calculated on the basis of profit for the
period after tax (H1 2025: profit for the period) divided by the weighted
average number of shares in issue in the year plus the weighted average number
of shares which would be issued if all the options granted were exercised.
The table below shows the earnings per share result.
30 September 2025 30 September 2024
Profit Basic profit per share Diluted profit per share Profit Basic profit per share Diluted (loss) per share
£000 £000
Post-tax profit attributable to equity shareholders 229 0.79p 0.79p 18 0.06p 0.06p
Operating profit 1,576 - - 1,428 - -
30 Sept 30 Sept
2025 2024
Number Number
Weighted average number of ordinary shares 28,808,071 29,437,290
Dilutive effect of share options 167,800 659,636
Diluted weighted average number of ordinary shares 28,975,871 30,096,926
INDEPENDENT REVIEW REPORT TO VIANET GROUP PLC
For H1 2026, we have chosen not to undertake an independent audit review which
is an agreed standard approach.
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